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“By giving kids an allowance, you teach that child to work for money rather than learn to create money.” Robert K. says. Some people think kids should have allowances and some don’t, but in this article, I will be telling you the reasons why kids do not need an allowance. 41% of the kids in my class think that kids should have an allowance, and even though that is a small amount, in this article I will tell you why no kid needs an allowance. I think this because kids shouldn't have to get paid for things they should normally do, kids shouldn't be motivated only by money, and the fact that there are other ways to teach kids about money.
My first reason regarding why kids shouldn’t have an allowance is that kids shouldn’t get paid for things they should normally do. Giving kids money for things like chores can, “Set them up for unrealistic expectations later on in life.” says Everything Finance. Another thing is that the parents/guardians of these kids don’t get money for cooking meals or going to the store to buy other household necessities like groceries. Also, younger kids that get an allowance (7-10 years old) can’t do a whole lot. They either aren't focused or just not capable for any number of reasons. Lastly, in the future (when they are adults/live alone) these kids will not get a paycheck for doing the tasks they should normally do like laundry, dishes, and cooking.
My second reason is that kids don’t need their only motivation to be money. Kids should be motivated to do things to get the natural reward (For example cleaning the living room, guests can come over cleaner) instead of money. Natural rewards will continue for the rest of their lives, unlike money that will go away when they move out of their parent’s house. You don’t want your kids to only be motivated by money and not want to contribute to the family. “Giving kids an allowance can cause them to look for external rewards,” says Good Housekeeping.
My last reason is my opposing argument which is that there are other ways to teach kids about money besides giving them an allowance. Good Housekeeping says, “Kids can help with the budget, go to the store, earn money for other tasks, like babysitting, or just be given their own money to spend when the family has extra money.” Most kids that are younger than 9 years old won’t understand or want to have to save a “portion” of their money for something like college, and would rather spend it on toys that they probably get plenty of for holidays.
In conclusion, I believe that kids do not deserve an allowance because it can teach wrongful habits and motivations. Kids do not need money for doing things that they normally should do. I hope this article could grant you a different perspective about giving kids allowances.
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